Strategic defaulters opt to continue paying on second liens

This assessment lien is junior to both the $500,000 purchase-money first trust deed and the $30,000 line of credit. As you can see, the order of priority looks like this: $500,000 purchase-money first trust deed recorded first. $30,000 line of credit recorded second. $7,000 assessment lien recorded third.

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A second option is to open a pledged asset account. borrowing and keeping investments invested can be a superior strategy to paying cash. Currently mortgage interest rates are even lower than.

status. Strategic default also remains the most prevalent form of mortgage default among super-prime borrowers. While strategic default behavior has slowed from its peak of 20 percent in 2008, it will continue to be an issue for the next few years, given account management queues and declining home prices. Profile of strategic defaulters

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About 12 percent of residential-loan defaults in February were strategic. allowing a lien on new property for the amount still owed on a previous mortgage. In states such as California and Arizona,

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That is a material change from the previous acquisition strategy. But the acquisition will continue. a pay in kind provision that could significantly save cash while the company is ramping up.

A sustained downturn in the housing market would be a disaster for the company as it is counting on growth to help pay off debt. I continue to believe the. Hovnanian’s option strategy is lowering.

The second is a technicality. we still don’t get the default risk. Even a 50% cut to WIN lease payments (which we estimate as borderline impossible) would allow UNIT to continue paying interest..

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However, the strategy can also be used in projects. it is required to pay a cost of cover before the situa­tion turns into a default. The utility usually has an option to purchase the project at.

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